Category Archives: Economics

It’s a bargain… or is it?

We are happily handing over large amounts of private data to internet giants. How come? And does it matter? Our lives are, in a way, an endless string of trades. Have a look at your latest current account or credit … Continue reading

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The anti-nudge

(Featured image: Publicdomainpictures) Politicians’ love of behavioural insights is quickly forgotten if votes can be bought with populist measures When elections are imminent, talk is cheap, and cheaper still are politicians’ promises. Sure, there is little doubt that British Prime … Continue reading

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The dark side of nudging?

(featured image: socialneuron) Are companies like Uber really into nudging for evil? In a recent New York Times article, the maverick taxi company Uber came under fire for “pulling psychological levers” to influence when and where their drivers work. A company … Continue reading

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The problem with preferences

(Featured image: Images Money) Can an objective measure like money help determine what we really, really want? A cynic, Oscar Wilde wrote in his play Lady Windermere’s Fan, is “a man knows the price of everything, and the value of nothing”. … Continue reading

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Uber and the four trade-offs of disruption

(featured image adapted from winnifredxoxo cc 2.0) The effects of disruptive innovation are more multifarious than they may seem at first sight On Wednesday evening 23 March, a few hours after the Westminster terrorist attack, a friend of mine wanted … Continue reading

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Nudging people on the escalator

(featured image: Gabriel Jorby) How to make people stand still to go faster My very first visit to London left such a big impression on me that I can still recall it decades later. By far the most evocative memories are … Continue reading

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The largest anchor ever

(Featured image: clmper) How do we know what is a reasonable amount of money to pay? How much would a rational person be prepared to pay for, say, a cauliflower? They’d go down the ranking of all possible purchases, and for … Continue reading

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